Toys 'R Us CEO: Last-Minute Shoppers Will Create a Super Saturday

Toys "R" Us is one of the world's largest toy retailers. Jerry Storch, chairman & CEO of Toys "R" Us, offers Courtney Reagan an update on the holiday shopping season.

All indications point to a record-breaking weekend for the retail industry as last-minute holiday shoppers hit the stores after a lull, Toys R Us CEO Gerald Storch told CNBC's "Squawk on the Street" Tuesday.

"Things were strong on Black Friday, then in the industry as a whole we saw something of a lull," the toy executive said. "And the whole world is expecting it to pick up this weekend heading into Christmas."